How much has your property fallen in the last quarter?
Residential property prices fell by 0.7 per cent in the June quarter, according to newly released national figures. ...
Property investors enjoyed capital gains of 2.43% over the last 12 months in WRIGHT, translating to lower returns compared with its peers in ACT.
Figures from the previous quarter show that capital gains for real estate buyers in WRIGHT are high, as opposed to average gains per annum over the past five years.
The suburb posted a 14.9% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $740 based on current median home prices for the suburb.
On average, rents on listings have reached the $740 mark, reflecting a 4.8% increase in returns based on the current median price in WRIGHT.
WRIGHT, 2611 ranks 56th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 12th on the list of best yielding suburbs for rental properties in ACT, posting a 4.8% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $802,000 | $397,956 |
| GROWTH REPORT | ||
| Median Quarterly | 14.57% | 0% |
| Median 12 month | 2.43% | -0.76% |
| Median 3 years | 14.9% | 6.41% |
| Median 5 years | 37.09% | 0.75% |
| 10 years average annual | 7.6% | -1.58% |
| Weekly media advert. rent | $740 | $450 |
| Time on Market | 78.7 days | 103.9 days |
| Gross Rental Yield Percent | 4.8% | 5.88% |
Residential property prices fell by 0.7 per cent in the June quarter, according to newly released national figures. ...
Customer-owned banking institutions wrote $6.6 billion in the 2019 financial year, up 7.8 per cent from the previous year and outpacing grow...
As Australian house prices stabilise, one capital city has been predicted to outstrip all other markets in value growth over the next three ...
New figures from AMP Bank have shown a “significant uptick” in the number of home loan customers switching from IO to P&I loans ahea...
The risks that prompted APRA’s initial crackdown on mortgage lending “have not gone away”, chair Wayne Byres has said, warning against...
With housing now seen as the ultimate status of wealth, Australia is in for an outpour of new investors looking to add to their property por...
Get notifications in real-time for staying up to date with content that matters to you.